Broadway Financial (BYFC) EVP reports 16,317 restricted shares
Rhea-AI Filing Summary
Broadway Financial Corporation reports that executive Brian Francis Wagner, EVP and Chief HR Officer, beneficially owns 16,317 shares of common stock. All 16,317 shares are restricted stock subject to vesting under the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan effective April 16, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wagner Brian Francis
Role
EVP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,317 shares (Direct)
Footnotes (1)
- F1. Includes 16,317 shares of restricted stock subject to vesting in accordance with the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan effective April 16, 2023.
Key Figures
Beneficial ownership: 16,317 shares
Restricted stock subject to vesting: 16,317 shares
Plan effective date: April 16, 2023
3 metrics
Beneficial ownership
16,317 shares
Common Stock held by EVP and Chief HR Officer Brian Francis Wagner
Restricted stock subject to vesting
16,317 shares
Shares of restricted stock under the Amended and Restated 2018 Long-Term Incentive Plan
Plan effective date
April 16, 2023
Effective date of Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan
Key Terms
restricted stock, vesting, Long-Term Incentive Plan
3 terms
restricted stock financial
"Includes 16,317 shares of restricted stock subject to vesting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"restricted stock subject to vesting in accordance with the Broadway"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Long-Term Incentive Plan financial
"the Broadway Financial Corporation Amended and Restated 2018 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the BYFC Form 3 show about Brian Francis Wagner’s ownership?
It shows that Brian Francis Wagner, EVP and Chief HR Officer, beneficially owns 16,317 shares of Broadway Financial common stock. All of these shares are classified as restricted stock subject to future vesting conditions under a long-term incentive plan.
Does the BYFC Form 3 report any recent stock purchases or sales by Wagner?
No purchases or sales are reported; the Form 3 lists holdings only. The data show one holding entry for 16,317 restricted shares of common stock, with no buy or sell transaction codes indicated.